A few weeks ago, I caught an interesting podcast from Connected Investors, Ross Hamilton discussing how they’re using the web to create connections, build relationships all while automating business.
For the unaware, Connected Investors is social platform for Real Estate Investors where they can connect, build buyers list, and even help sale their deals.
Think of it like one giant online real estate investment club and that’s what this group is.
With growing technology it’s easy to get blindsided with all the bells and whistles and forgot the basics.
What I see most people looking to do is getting started with flipping to generate quick cash.
It boils down to really 3 things to successfully flip a house despite what the latest reality tv series says.
- Building a list of buyers
This is the bread and butter and where Real Estate can be a success or failure as an investment. Start with the end, so you’re not worried about how you’re going to sell the property.
Begin with the end in mind.
- Finding out what those buyers are looking for.
You don’t need a ton of buyers, but you do need to have a good list and more importantly know what they’re looking for.
Nail down all the specifics – the beds, baths, and their budget.
- Getting the deal.
This comes from having your real estate marketing dialed in and always be on the lookout for motivated sellers looking to make a deal.
- Selling the deal to your buyers list
Once you get the deal signed under contract, it’s time to shop it out to your buyers list.
When I invested in property back in the early 2000’s, we didn’t have a resource like this under 1 roof.
That’s what makes this so special.
With Connected Investors, you’ve got training, cutting edge tools like Deal Dog, website, and an active REI group all from the comfort of your living room.
Follow along with the Connected Investors Instagram here.